Most Americans now recognize China as the greatest threat America now faces.
China unleashed the coronavirus on the world which brought entire nations to their knees.
And now one Republican blew the whistle on this Chinese sneak attack on the U.S. military.
Florida Republican Congressman Michael Waltz is a proud veteran.
Waltz served in the U.S. Army National Guard as a Green Beret and now is blowing the whistle on how the National Guard’s retirement plan is invested in companies that build Chinese planes and ships.
The Florida Republican stated that some of these companies are sanctioned by the United States government.
Every month, me included as a National Guardsman, we contribute to this 401K-style plan. Well guess what? Billions of dollars from it are going over to Beijing and funding Chinese shipbuilding, plane building and all types of companies. Many of which are close to the Chinese Communist Party, some of which are even on the U.S. sanctions lists…
…We cannot have the American military who’s out on the frontlines retirement account funding their biggest adversary in the 21st Century. America, we need to wake up. We are in a Cold War with China, they are certainly in one with us. And we would be no more funding their industry through our retirement than we would the Soviet Union and companies in Russia years ago. We need to think about this differently and this has got to stop.
China believes in playing the long game.
And that means China wields economic leverage like a weapon of war.
China threatened the European Union and Australia with economic retaliation if they went forward with reports on the Chinese government’s lies and cover-ups that allowed the coronavirus to sneak out of China and paralyze the globe.
And there is little doubt China will try to play this card with America.
China owns one trillion dollars’ worth of United States government debt.
Vital supply chains like those for medical supplies migrated to China after Bill Clinton, George W. Bush and Barack Obama sold out America in the name of globalization.
Americans and the Trump administration will want to hold China accountable for setting in motion this global catastrophe.
China’s only card left to play is economic retaliation.
The Chinese government hopes to win the race to a coronavirus vaccine so they can be the first nation on earth to get their economy back online.
If that happens, China believes it can threaten the United States with financial punishment the economy can’t bear to absorb as the coronavirus-induced depression drags on.
Globalists like Obama, Clinton and Bush presented as an article of faith that economic engagement and free trade with China would soften its authoritarian government and turn China into more of a Western-style country.
Those fantasies were reduced to rubble in the wake of the coronavirus pandemic.
Great American Daily will keep you up to date on any new developments in this ongoing story.